More Ferrari News

“Everything Has Turned Around”: Max Verstappen & Red Bull Warned of Ferrari, Mercedes Comeback Over Early Bad Omen at Dutch GP

Former Dutch F1 driver makes a daunting prediction for the Dutch Grand Prix for Max Verstappen and Red Bull following the gearbox issue.
Belgian Grand Prix

Sebastian Vettel Faces Major Accusation: “Not What He Truly Believes”

As Sebastian Vettel has cleared his intention towards joining Formula E, Lucas Di Grassi hits back at the Aston Martin driver.
Austrian Grand Prix

With One Hand on 2022 Title, Max Verstappen Reminisces Cut-Throat Battle With Lewis Hamilton: “It Doesn’t Come Close”

Max Verstappen describes how beating Lewis Hamilton in Abu Dhabi last year was an emotional feeling and something which cannot be compared.
United States Grand Prix

WATCH: Carlos Sainz Left Screeching as Charles Leclerc Takes Extreme Measures to Surprise His Ferrari F1 Teammate

Ferrari driver Charles Leclerc surprises his team-mate Carlos Sainz Jr. on his 28th birthday by hiding in the Spaniard's cupboard.
United States Grand Prix

Sebastian Vettel Blames Disappointing Aston Martin Run for Heartbreaking F1 Ending: “It Would Be a Great Thing to Quit as a Champion…”

Sebastian Vettel will retire at the end of 2022. Recently he explained the reasons why, Ferrari and Aston Martin sit at top of that list.
Austrian Grand Prix

Ferrari Points Out Shady Behavior From F1 Leaders Red Bull Triggering Major Conspiracy Over $140 Million Debate

Ferrari boss questions the rigidity of the budget cap after rumors claim Red Bull is building a new chassis, an impossible expense under the current cap.
Belgian Grand Prix

Tifosi Fantasies of Reliving the Schumacher Glory Days Fail Miserably as Mick Rejects Ferrari F1

The Twitter F1 fandom moans the end of a possible legacy as Mick Schumacher and Ferrari's partnership will come to an end after December.
Tuscan Grand Prix

What is A Tear-Off In F1 And How Do Drivers Use It?

The term tear-off has become popular after the conclusion of the 2022 F1 Belgian GP where Leclerc suffered the bitter part. What is it anyway?
Belgian Grand Prix

As Dream of Winning a Title in Red Comes Crashing Down, Does Charles Leclerc Have an Exit Clause in Historic Ferrari F1 Contract?

Charles Leclerc relinquishes childhood dream of being a Ferrari driver as he plans to achieve big things from Ferrari's long-term project.
Bahrain Grand Prix

Disappointing F1 Charge Fuels Ferrari With $80 Million Worth Content

The oldest active constructor on the F1 grid, Ferrari, finds itself on top of the rankings in an unprecedented social media classification.
British Grand Prix

Handicapped Charles Leclerc’s Battle for One Point Dubbed “Mission Impossible” on Ferrari’s Behalf

Ferrari's decision to pit Charles Leclerc to get the fastest lap of the race gave him another setback after he got a 5-second penalty.
Austrian Grand Prix

Ferrari Paints Dystopian Reality in Which Charles Leclerc Can Bag the Championship, and Max Verstappen Won’t Be Pleased to Hear It

F1 title ambitions of the Ferrari driver, Charles Leclerc take a major hit following a disappointing result at the Belgium Grand Prix.
Belgian Grand Prix

About Ferrari

article-image

Reuters

Ferrari: 2021 Latest News, Results, Drivers and Car Updates

Scuderia Ferrari is one of the oldest teams in Formula 1, having been in the sport since its inception. In 70 years, the Maranello-based outfit has produced nine World Champions, three of which have won multiple times.

The most successful champion has been Michael Schumacher with five titles for the Italian outfit. Other champions include Alberto Ascari, Juan Manuel Fangio, Mike Hawthorne, Phil Hill, John Surtees, Niki Lauda, Jody Scheckter, and Kimi Raikkonen.

Their current line-up for the 2021 season consists of Carlos Sainz jr. and Charles Leclerc. Leclerc is a graduate from the Ferrari Driver’s Academy and made his Ferrari debut in 2019. Carlos comes from McLaren F1 team where Daniel Ricciardo will replace him.

The current Team Principal is Mattia Binotto, and the CEO is Louis Camilleri, who succeeded the late Sergio Marchionne. Marchionne passed away in 2018 aged 66.

Who owns the Ferrari F1 team?

The Scuderia is a part of its parent organization - Ferrari S.p.A. The legendary car manufacturer is owned by the public with a majority stake (67.09%), followed by Exor - a holdings company (22.91%) and Piero Ferrari - son of the great Enzo Ferrari (10.00%).

Ferrari: On-track Achievements

Having been in the sport since 1950, it is fairly obvious that their achievements will be plenty. Their statistics prove it too, as they have earned 16 Constructors' Championships in total. They have also entered 1010 GPs, winning 237 and scoring 768 podium finishes. They have also clinched 228 pole positions.

Sponsors

Their title sponsor is Mission Winnow. Other sponsors include Shell, Ray-Ban, Kaspersky, UPS, Hublot, Mahle, and OMR.

How much does Ferrari earn from F1?

Apart from heritage, the legendary team manages to evoke an emotional connection like no other Formula 1 team. The nostalgia and passion associated with the Maranello-based outfit, coupled with a passionate fanbase, comes at a price for Formula 1.

The Prancing Horse earns a considerably larger sum in revenue compared to its F1 rivals. According to reports, they earned $205 million in 2019 as prize money. Furthermore, the Italian powerhouse is reportedly valued at $1350 Million and generated a revenue of $426 Million for the 2019 season.

How much is the Ferrari F1 team worth?

The Scuderia boasts of the highest net worth of all F1 teams. Reports suggest that it is worth a staggering $1.3 billion.

Best Moments of Ferrari F1 team

Foundations and Charity

They often auction off special F1-liveried cars for the sake of charity. Proceeds raised from the auction support the Telethon Foundation, which has been committed to fostering and developing scientific research for cures of rare genetic diseases since 1990.

In March 2020, the family behind the team donated €10 Million and 150 ventilators to aid in the fight against coronavirus.

Founded1929
FounderEnzo Ferrari
Constructors Championships16
Drivers ChampionAlberto Ascari, Juan Manuel Fangio, Mike Hawthorn, Phil Hill, John Surtees, Niki Lauda, Jody Scheckter, Michael Schumacher, Kimi Räikkönen
Drivers Championships15
Prize Money Won$205 Million (2019)
BaseMaranello
Official Websitehttps://www.ferrari.com/en-EN/formula1
DriversCarlos Sainz Jr, Charles Leclerc
Test DriversCallum Illott
EngineFerrari
TiresPirelli